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Stock market opens the week with a decrease

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The Istanbul Stock Exchange started the week with a decline. The BIST 100 index opened at 9,748 points with a 0.30% drop. In the Istanbul Stock Exchange, the BIST 100 index started the week at 9,747.67 points, down 0.30%. At the opening, the BIST 100 index fell to 9,747.67 points, a decrease of 29.79 points and 0.30% compared to the previous close. The banking index lost 0.43% and the holding index lost 0.37% in value. The sports sector had the highest gain at 1.07%, while the communication sector had the highest loss at 0.68%. On Friday, the Istanbul Stock Exchange followed a selling trend, with the BIST 100 index closing the day at 9,777.46 points, down 0.53%. Global markets started the week cautiously, with a focus on macroeconomic data, especially the employment report in the United States. Despite concerns about whether the fight against inflation worldwide will lead to a recession and worries about conflicts in the Middle East, recently released macroeconomic data have helped limit concerns in the markets. Analysts noted that today, domestic H-Producer Price Index (H-PPI) and monthly money and banking statistics will be followed, while abroad, inflation in Germany, the Dallas Fed manufacturing index in the United States, as well as speeches by Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde will be monitored. They mentioned that the BIST 100 index has support at 9,700 and 9,600 points, with resistance levels at 10,050 and 10,200.

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